Windfall tax for major companies to be introduced in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 17.12.2001

Decree of the President of the Russian Federation No. 1459 of December 13, 2001 on the Invalidation of the Decree of the President of the Russian Federation No. 2263 of December 22, 1993 on the Audit Activities in the Russian Federation

Beginning with December 13, 2001, invalidates the Interim Rules of audit activities in the Russian Federation endorsed by the Decree of the President of the Russian Federation No. 2263 of December 22, 1993. Being in effect now is the Federal Law No. 119-FZ of August 7, 2001 on the audit activities.

Decision of the Government of the Russian Federation No. 860 of December 7, 2001 on the Tied Federal Program "Ecology and Natural Resources of Russia (Years 2002-2010)"

The goals of the program include the development of the raw materials base to satisfy the demands of the economy in various resources, protection and reproduction of natural resources and other. Implementation of the program will permit to improve the natural potential, as well as to reduce the damage from adverse natural phenomena and pollution of the natural environment.

Decision of the Government of the Russian Federation No. 848 of December 5, 2001 on the Tied Federal Program "Modernization of the Transport System of Russia (2002-2010)"

The goals of the program include improvement of the transport infrastructure, outfitting of all types of transport with modern technical capacities, development of international transport corridors, as well as improvement of investment conditions in the transport system. Implementation of the program will permit to reduce the net cost of railway transportation by 10%-12%, increase the highway network, increase air transportation by new generation air vessels. It is also planned to reduce gradually the intensity figure of public transportation in rush hours from 8 to 5-6 persons per square meter, to reduce the net cost of travel by 13%-15%. Modernization of the transport system will permit to create additional jobs in transportation and adjacent spheres.

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